News

Responding to NAFCU's letter to Washington's Department of Financial Institutions recently that private primary deposit insurance "threatens" the dual chartering system, NASCUS stated that the state regulators can handle oversight of their credit unions.

Paul Coakley, chairman of the $35 million St. Agnes Employees Federal Credit Union, Baltimore, and a CU volunteer since 1972, was named "Director of the Year" today at the annual National Directors Convention.

When is it obvious that a director is "micro-managing" operations and the paid staff of the credit union? Is standing in the lobby asking questions of members and staff an example of "micro management."

The history of African-American owned cooperatives in the United States has been mostly undiscovered, but new research has shown that they were pivotal in helping create wealth during times of inequality.

CUNA Mutual Group Senior Vice President Larry Blanchard, chair of the UBIT Steering Committee, asked for credit unions to volunteer as plaintiffs in a lawsuit the committee is preparing during NASCUS' State Summit today.

The Federal Trade Commission has petitioned and received from the U.S. District Court for the Central District of California a temporary restraining order and asset freeze against four companies and two individuals in the prepaid card business.

On a continued mission to encourage college students to consider careers at credit unions, NCUA Vice Chairman Rodney Hood shared a number of fronts he is involved in to make it happen.

Forum Credit Union Senior Vice President Doug True spoke at a break-out session at the National Directors Convention yesterday about the CU's newfound success with a local funeral home.